Tue, 25 Jun 2019, 4:10 AM
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Topic: Dubai

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Contributed by Tan Kok Keong (COO & Co-Founder of FundPlaces Pte.
The Star:
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To fight back against the scourge from the skies, companies are proposing anti-drone technologies such as jamming, interceptor nets and killer drones.
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DUBAI: Saudi Arabian stocks are benefiting from their inclusion in the emerging-market universe. But emerging-market stocks are suffering because of the Saudi presence.
Tech in Asia:
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Short-term rental management company GuestReady Group, co-founded by previous Foodpanda execs, raised US$6 million in a series A round co-led by Russia’s Impulse VC and Dubai-based VentureSouq. Ex...
Tech in Asia:
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India-based retail technology startup Arzooo, established by former Flipkart executives, raised US$1 million in a pre-series A round led by Dubai’s Jabbar Internet Group.
The Straits Times:
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DUBAI • Two executives linked to a Malaysian wealth fund scandal were convicted of financial crimes and sentenced to prison in Abu Dhabi, the Wall Street Journal (WSJ) said, citing people familiar w...
Free Malaysia Today:
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DUBAI: Two senior executives of an Abu Dhabi fund linked to 1Malaysia Development Berhad have been sentenced to jail for financial crimes, the Wall Street Journal reported, citing people familiar with...
The Straits Times:
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DUBAI (BLOOMBERG) - Two executives linked to a Malaysia wealth fund scandal were convicted of financial crimes and sentenced to prison in Abu Dhabi, the Wall Street Journal reported, citing people fam...
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DUBAI (BLOOMBERG): Two executives linked to a Malaysia wealth fund scandal were convicted of financial crimes and sentenced to prison in Abu Dhabi, the Wall Street Journal (WSJ) reported, citing people familiar with the matter.
Malay Mail:
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DUBAI, June 16 — Saudi Arabia and the UAE yesterday called for decisive action to protect energy supplies amid a tense US-Iran standoff as two tankers attacked in a vital Gulf shipping channel heade...
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ABU DHABI: Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah paid a visit to Wahat Al-Karama, a memorial to United Arab Emirates’ fallen heroes.
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ABU DHABI, June 14 — Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah ended his three-day special visit to the United Arab Emirates by performing Friday prayers at the ...
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SINGAPORE: Oversea-Chinese Banking Corp.’s private bank is set to expand into Malaysia following its deal to acquire an investment firm in the Southeast Asian nation.
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SINGAPORE (June 14): Oversea-Chinese Banking Corp.’s private bank is set to expand into Malaysia following its deal to acquire an investment firm in the Southeast Asian nation.
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ABU DHABI (June 14): On the second day of the three-day special visit to the United Arab Emirates (UAE), Malaysian Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah visite...
Malaysiakini:
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Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah held talks with the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates (UAE) Armed Forces...
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ABU DHABI, June 13 — Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah held talks with the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emir...
The Borneo Post:
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Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah ABU DHABI: Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah said Malaysians abroad must lo...
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ABU DHABI, UAE (Bernama): The Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah arrived in Abu Dhabi on Wednesday (June 12) for a special visit to the United Arab Emirates (UAE) until June 14.
Malay Mail:
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ABU DHABI, June 12 — Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah arrived in Abu Dhabi today for a special visit to the United Arab Emirates (UAE) from today until ...
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DUBAI, June 12 — Iran will ask Japan to mediate between Tehran and Washington to ease oil sanctions imposed by the United States, Iranian officials told Reuters ahead of a visit to Iran by Japanese ...
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Uber Technologies said it will use Australia's second-largest city, Melbourne, as the first international test site for the group's planned flying taxi service.
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SYDNEY: Uber Technologies said it will use Australia's second-largest city, Melbourne, as the first international test site for the group's planned flying taxi service.
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DUBAI: Two opposing forces are at play in emerging markets. The first is excitement over the dollar’s decline as speculation grows that the US will cut rates soon. And the second is dread over President Donald Trump’s trade war.
theSun:
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PETALING JAYA: India will request for an Interpol Red Notice against preacher Zakir Naik (pix) and his extradition from Malaysia after securing a non-bailable warrant against him from a Mumbai special...
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Controversial preacher Zakir Naik, who is now residing in Malaysia, may face possible extradition to India, Indian daily The Hindu reported.
The Star:
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DUBAI: Oman will impose a new tax on sugary drinks and tobacco products starting on June 15, as the small Gulf oil producer seeks to boost state revenue strained by years of low oil prices.
Free Malaysia Today:
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KUALA LUMPUR: National recurve archer S Suresh has become world champion in his event, winning the gold medal today at the 2019 World Archery Para Championships.
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KUALA LUMPUR (June 6): Maybank Islamic Bhd (MIB), the largest Islamic bank by asset in ASEAN, wants to be the bridge for the Islamic banking sector between the Gulf Cooperation Council (GCC) and the r...
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KUALA LUMPUR: Maybank Islamic Bhd (MIB), the largest Islamic bank by asset in Asean, wants to be the bridge for the Islamic banking sector between the Gulf Cooperation Council (GCC) and the region after its Dubai branch starts its operation by June this year.
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KUALA LUMPUR (June 6): Maybank Islamic Bhd (MIB), the largest Islamic bank by asset in ASEAN, wants to be the bridge for the Islamic banking sector between the Gulf Cooperation Council (GCC) and the r...
Malay Mail:
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KUALA LUMPUR, May 30 — A DAP lawmaker today asked Johor Umno Youth chief Hairi Mad Shah if he is going to criticise the Muslims in Dubai for breaking fast in a Sikh temple after the latter chided Jo...
Malaysiakini:
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DAP National Legal Bureau chief Ramkarpal Singh has demanded that Umno state its stand over Muslims breaking fast at a Sikh gurdwara.
theSun:
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PUTRAJAYA: Tourism arrivals and spending saw a healthy increase in the first three months of this year.
Tech in Asia:
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Volocopter GmbH of Germany said Thursday it will open a landing facility in Singapore later this year for trial flights, while Austria’s FACC AG is working to produce hundreds of passenger drones fo...
Malay Mail:
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GANDHINAGAR (India), May 24 — When he was chief minister of the Indian state of Gujarat in 2011, Indian Prime Minister Narendra Modi kicked off an ambitious project to develop a financial hub in the...
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DUBAI: Saudi Aramco agreed to buy liquefied natural gas from Sempra Energy’s Texas export terminal and will discuss taking a stake in the project.
Malay Mail:
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DUBAI, May 22 — The United Arab Emirates said yesterday it has launched a permanent residency scheme to attract wealthy individuals and highly skilled workers to the oil-rich Gulf country.
Malay Mail:
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DUBAI, May 21 — The United Arab Emirates said today it has launched a permanent residency scheme to attract wealthy individuals and highly skilled workers to the oil-rich Gulf country.
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MUNICH: Forget sitting in traffic, breathing in fumes while you stare longingly through the window at the cyclists whizzing past you.
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DUBAI: Saudi Arabia’s 200 billion-riyal (US$53bil) lifeline to its non-oil economy may be in place for longer than planned as the kingdom supports industries struggling to cope with reforms that pushed up costs and dampened demand.
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DUBAI: Saudi Arabia’s 200 billion-riyal ($53 billion) lifeline to its non-oil economy may be in place for longer than planned as the kingdom supports industries struggling to cope with reforms that pushed up costs and dampened demand.
Malay Mail:
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DUBAI, May 13 — Saudi Arabia said today that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and said it was an attempt to undermine the security of crude ...
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SINGAPORE/TOKYO (May 13): Asian oil buyers are bracing for surging prices in the spot crude market as global supplies have tightened after stringent U.S. sanctions on producers, disruptions of Russian...
Malay Mail:
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DUBAI, May 9 — Emirates Airline reported a 69 per cent drop in net profits today on high fuel prices and a strong dollar in what it described as a “tough” year.
The Star:
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DUBAI: Emirates Group, which operates the world’s biggest long-haul airline, posted a 44 percent decline in full-year profit, hurt by higher oil prices and currency fluctuations.
The Star:
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DUBAI: The Turkish lira tumbled the most in emerging markets and stocks erased this year’s gains after investors interpreted the decision to redo Istanbul’s municipal vote as another manifestation of President Recep Tayyip Erdogan’s influence over independent institutions.
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KUALA LUMPUR (May 7): ACE Market-bound Powerwell Holdings Bhd's planned initial public offering (IPO) involves 145.46 million shares comprising a public issue of 87.4 million new shares and an offer f...
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A short video clip on the Molly Ramm Instagram account shows a young woman cruising down a sunbathed Dubai highway in a Lamborghini with the music blaring. She has a six-figure mindset, it says. But that may be changing.
The Star:
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Robots are getting more humanoid every day, but they still can’t be sued.
Malay Mail:
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PUTRAJAYA, May 6 — It is difficult for flag carrier Malaysia Airlines Bhd (MAB) to find its foothold in a market dominated by low-cost carriers on one end and the luxury offered by carriers based in...
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LONDON: Five months before the events that led to the collapse of Abraaj Group, the biggest in private equity history, one of the firm’s investors was warned about putting more money in, according to an email chain reviewed by Bloomberg News.
Malay Mail:
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DUBAI, May 5 — Iran has mobilised all its resources to sell oil in a “grey market”, bypassing US sanctions that Tehran sees as illegitimate, state media quoted Deputy Oil Minister Amir Hossein Z...
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“IF you believe you are a citizen of the world, you are a citizen of nowhere.” These were the words of Theresa May, at her first party conference as Prime Minister, in 2016, as she prepared her na...
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PUTRAJAYA: Tourist arrivals from Arab countries increased sharply last year after Pakatan Harapan took over the country’s administration, says Tourism, Arts and Culture Minister Datuk Mohamaddin Ketapi.
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PUTRAJAYA (Bernama): Tourist arrivals from Arab countries increased sharply last year after Pakatan Harapan took over the country's administration, says Tourism, Arts and Culture Minister Datuk Mohamaddin Ketapi.
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PUTRAJAYA (May 3): Tourist arrivals from Arab countries increased sharply last year after Pakatan Harapan (PH) took over the country’s administration, said Tourism, Arts and Culture Minister Datuk M...
Malay Mail:
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PUTRAJAYA, May 3 — Tourist arrivals from Arab countries increased sharply last year after Pakatan Harapan (PH) took over the country’s administration, said Tourism, Arts and Culture Minister Datuk...
Malay Mail:
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KUALA LUMPUR, May 2 — Critics have taken issue with Putrajaya’s planned flying vehicle technology mostly because of the term “flying car” used to describe the ambitious project, a minister has...
Malaysiakini:
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The country's aviation industry can progress to become comparable to either Singapore or Dubai, but it is hampered by the single airport operator system that makes Malaysia lose out in terms of attrac...
theSun:
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KUALA LUMPUR: The country’s aviation industry can progress to become comparable to either Singapore or Dubai, but it is hampered by the single airport operator system that makes Malaysia lose out in...
Malay Mail:
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KUALA LUMPUR, May 1 ― The country's aviation industry can progress to become comparable to either Singapore or Dubai, but it is hampered by the single airport operator system that makes Malaysia los...
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NEW YORK, April 30 — A US district court has granted bail to a former managing partner of collapsed private equity firm Abraaj, Mustafa Abdel-Wadood, on condition that he sign a US$10 million (RM41....
CarSifu:
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LONDON: Land Rover has announced plans for the new Land Rover Defender to complete a final phase of field testing with Tusk Trust, on location in Kenya.
The Star:
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PUTRAJAYA: Malaysia will take part in the World Expo in Dubai, United Arab Emirates next year, with the Science, Technology, Environment and Climate Change Ministry set to lead the country’s delegation.
The Star:
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DUBAI: Malaysia's palm oil output is forecast to rise to 20 million tonnes in 2019, up from as much as 19.5 million tonnes forecast earlier, industry analyst Dorab Mistry said on Monday, though production gains would be capped by aging trees
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(April 29): Malaysia's palm oil output is forecast to rise to 20 million tonnes in 2019, up from as much as 19.5 million tonnes forecast earlier, industry analyst Dorab Mistry said on Monday, though p...
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(April 29): Malaysia's palm oil output is forecast to rise to 20 million tonnes in 2019, up from as much as 19.5 million tonnes forecast earlier, industry analyst Dorab Mistry said on Monday, though p...
Malay Mail:
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DUBAI, April 29 — SriLankan Airlines' chief executive Vipula Gunatilleka said today that the carrier had a 10 per cent increase in cancellations last week and expects that number to go up.
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DUBAI, April 29 — US sanctions on Iran, rising unrest in the Middle East and North Africa and oil price volatility are dragging regional economic growth, the International Monetary Fund said today.
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DUBAI: Tighter U.S. sanctions against Iran could fuel inflation to the highest level since 1980, according to the International Monetary Fund, as the Islamic Republic’s economy grapples with a weakening currency and tighter U.S. sanctions on oil exports.
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DUBAI: Saudi Arabian mall operator Arabian Centres Co could raise up to $836 million at the top end of the price range for its initial public offering (IPO), the sale prospectus showed on Sunday.
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DUBAI: Some of the world’s leading financiers are returning to Saudi Arabia after the oil-rich kingdom yielded some of the year’s biggest merger and bond deals.
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MANHATTAN: Two former executives of The Abraaj Group, which collapsed last year in the world’s biggest private-equity insolvency, were arrested on U.S. charges of defrauding investors, with one defendant nabbed after arriving in New York with his wife and son to look at colleges.
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DUBAI: Saudi Arabia’s Alinma Bank would be open to a merger if a deal adds value for shareholders, its chief executive officer said.
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DUBAI, April 23 — Tehran is prepared for a US decision to end waivers granted to buyers of Iranian crude, an Iranian oil ministry source said yesterday, as the Revolutionary Guards repeated their th...
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DUBAI: Dubai is looking to retail and tourism to break free of its weakest economic expansion in almost a decade.
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SINGAPORE: Key Asian gasoil refining profit-margins fell to their lowest levels this year as crude oil prices surged and demand for the industrial fuel remained sluggish amid plentiful supply.
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DUBAI: Saudi Aramco said on Sunday it would acquire Royal Dutch Shell's 50 percent stake in Saudi refining joint venture SASREF for US$631 million.
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DUBAI: The slump in Aramco bonds since its unprecedented debt sale this month makes one thing clear: you can’t take the Saudi out of Saudi Aramco.
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DUBAI: State oil giant Saudi Aramco, the world’s biggest oil producer, is in talks to buy a minority stake in the refining and petrochemicals businesses of India’s Reliance Industries Ltd, sources familiar with the matter said.
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DUBAI: Etihad Airways Group chief financial officer Mark Powers has stepped down after roughly a year in the job as the Abu Dhabi state-owned carrier overhauls its business after years of heavy losses.
Free Malaysia Today:
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DUBAI: It was a one-two punch that has turned the ringgit into Asia’s worst performer this month.
The Star:
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DUBAI/NEW DELHI: State oil giant Saudi Aramco, the world's biggest oil producer, is in talks to buy a minority stake in the refining and petrochemicals businesses of India's Reliance Industries Ltd, sources familiar with the matter said on Wednesday.
The Straits Times:
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DUBAI (BLOOMBERG) - It was a one-two punch that's turned the Malaysian ringgit into Asia's worst performer this month.
Malay Mail:
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DUBAI, April 15 — Dubai’s Expo 2020 global trade fair is expected to give the United Arab Emirates an economic boost of over US$33 billion (RM135.8 billion), consultants Ernst and Young said in a ...
Malay Mail:
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DUBAI, April 15 — Qatar Petroleum has invited three groups to bid for engineering procurement and construction packages on liquefied natural gas (LNG) mega-trains as it expands production at its Nor...
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Dubai: Available airline seats at Dubai International will decline by 29% as the world’s busiest airport upgrades a runway.
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NEW YORK, April 12 — The chief executive and a managing partner of the collapsed Dubai private equity firm Abraaj Capital Ltd were arrested on US charges that they defrauded their investors, includi...
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DUBAI, April 12 — Opec could raise oil output from July if Venezuelan and Iranian supply drops further and prices keep rallying, because extending production cuts with Russia and other allies could ...
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Sudanese President Omar al-Bashir (above) was forced to step down by the military on Thursday after three decades of autocratic power, and moves were under way to form a transitional council to run th...
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SEREMBAN: Although the government has confirmed that Datin Seri Rosmah Mansor did not purchase a 22-carat pink diamond, this does not cancel out the fact that the jewel was nonetheless eventually bought with funds allegedly siphoned from 1Malaysia Development Bhd (1MDB), says Rafizi Ramli.
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LONDON: Network International shares surged in London trading after the payments processor raised £1.1bil (US$1.4bil) in an initial public offering that’s the biggest listing in Europe so far this year.
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KUALA LUMPUR (April 10): Human Plus, a South Korean startup has unveiled its human-centric payment solution with efficient cryptocurrency utilisation ecosystem, HUPAYX.
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WASHINGTON: Standard Chartered Plc has agreed to pay US$1.1 billion to U.S. and British authorities for conducting illegal financial transactions that violated sanctions against Iran and other countries, government authorities announced on Tuesday.
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DUBAI: Saudi Aramco, the world’s largest oil company, has received $75 billion in orders for its debut bond sale, kickstarting an offering with yields likely to fall in line or below Saudi Arabia’s sovereign debt.
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KUALA LUMPUR (April 8): Eversendai Corp Bhd has clinched three new projects with a combined value of RM196 million in Qatar and Abu Dhabi, the United Arab Emirates.
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DUBAI, April 8 — US-based investment firm Carlyle Group will buy a stake worth several billion dollars in Spanish oil giant Cepsa from Abu Dhabi sovereign wealth fund Mubadala, the companies said to...
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KUALA LUMPUR (April 8): Eversendai Corp Bhd has clinched three new projects with a combined value of RM196 million in Qatar and Abu Dhabi, the United Arab Emirates.
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KUALA LUMPUR (April 6): IHH Healthcare Bhd recently completed its protracted acquisition of a 31.17% stake in Fortis Healthcare Ltd, thus expanding its footprint in India.